Mahalaxmi Seamless exempt from related party disclosure for FY26

Mahalaxmi Seamless Limited is not required to disclose related party transactions for the financial year ended March 31, 2026, due to its capital structure. The company communicated this exemption to BSE Limited, citing Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides relief from certain corporate governance requirements for smaller entities listed on the main board.

The company qualifies for this exemption as its paid-up equity share capital does not exceed ₹10 crore and its net worth does not exceed ₹25 crore as on the last day of the previous financial year. Consequently, the compliance requirements specified in Regulation 23(9), which mandates the disclosure of related party transactions, do not apply to the entity.

Regulatory Exemption Details

The notification outlines the specific criteria that allow the company to bypass these disclosure norms. The exemption is applicable to listed entities that meet specific financial thresholds or are listed on the SME Exchange. Mahalaxmi Seamless falls under the first category based on its financial metrics.

Parameter	Threshold Limit	Status of Company
Paid-up equity share capital	Not exceeding ₹10 crore	Within limit
Net worth	Not exceeding ₹25 crore	Within limit

The letter, signed by Managing Director Vivek Madhavprasad Jalan, confirms that the company will not be submitting the related party transactions disclosure required under Regulation 23(9). The regulatory reference for this non-applicability is the SEBI (LODR) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.72%	-1.18%	-9.63%	-2.59%	-14.46%	+105.75%

Mahalaxmi seamless Limited has officially notified BSE Limited of its exemption from submitting the Annual Secretarial Compliance Report under Regulation 24A for the financial year ended March 31, 2026. The communication was made through an official letter dated April 10, 2026, signed by Managing Director Vivek Madhavprasad Jalan.

Regulatory Exemption Details

The company has claimed exemption under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides that corporate governance provisions shall not apply to listed entities meeting specific financial criteria.

Exemption Criteria:	Threshold
Paid-up Equity Share Capital:	Not exceeding ₹10 crores
Net Worth:	Not exceeding ₹25 crores
Reference Date:	Last day of previous financial year

Compliance Framework

The exemption is based on SEBI Circular No. CIR/CFD/CMD1/27/2019 dated February 08, 2019, and BSE Circulars No. LIST/COMP/10/2019-20 dated May 09, 2019, and LIST/COMP/12/2019-20 dated May 14, 2019. These circulars outline the requirements and exemptions for Annual Secretarial Compliance Reports.

The company has also submitted a Non-Applicability Certificate for Corporate Governance Report, reinforcing its position that the compliance requirements do not apply to its current financial structure.

Official Communication

The formal notification to BSE emphasizes that the company meets the exemption criteria and therefore is not required to submit the Annual Secretarial Compliance Report for FY26. The communication requests BSE to acknowledge receipt and take the information on record.

This exemption allows smaller listed companies to operate with reduced compliance burden while maintaining essential regulatory oversight through other applicable provisions.